Marco Cables and Conductors (NSE:MARCO) Operating Margin %: 11.56% (As of Mar. 2026) — Near Median


NSE:MARCO Marco Cables and Conductors Ltd NSE:MARCO
58 GF Score
Price ₹30.55
GF Value ₹66.13
Valuation Possible Value Trap
! 4 Warning Signs
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What is Marco Cables and Conductors Operating Margin %?

Marco Cables and Conductors NSE:MARCO 58 Operating Margin % is 11.56% as of Mar. 2026, which is 1% below its 10-year median of 11.68. GuruFocus rates NSE:MARCO with a GF Score™ of 58/100 and a GF Value™ of ₹66.13 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 3,031 Industrial Products companies, Marco Cables and Conductors ranks better than 72.19% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marco Cables and Conductors's Operating Income for the six months ended in Mar. 2026 was ₹119 Mil. Marco Cables and Conductors's Revenue for the six months ended in Mar. 2026 was ₹1,028 Mil. Therefore, Marco Cables and Conductors's Operating Margin % for the quarter that ended in Mar. 2026 was 11.56%.

Good Sign:

Marco Cables and Conductors Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Marco Cables and Conductors's Operating Margin % or its related term are showing as below:

NSE:MARCO' s Operating Margin % Range Over the Past 10 Years
Min: 9.84   Med: 11.68   Max: 15.01
Current: 11.56


NSE:MARCO's Operating Margin % is ranked better than
72.19% of 3031 companies
in the Industrial Products industry
Industry Median: 6.53 vs NSE:MARCO: 11.56

Marco Cables and Conductors's 5-Year Average Operating Margin % Growth Rate was 1.90% per year.

Marco Cables and Conductors's Operating Income for the six months ended in Mar. 2026 was ₹119 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹119 Mil.


Marco Cables and Conductors  (NSE:MARCO) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Marco Cables and Conductors Operating Margin % Related Terms


Marco Cables and Conductors Operating Margin % Historical Data

* Premium members only.

The historical data trend for Marco Cables and Conductors's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marco Cables and Conductors Operating Margin % Chart

Marco Cables and Conductors Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial 9.84 15.01 13.87 11.79 11.56

Marco Cables and Conductors Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin % Get a 7-Day Free Trial 9.84 15.01 13.87 11.79 11.56

NSE:MARCO vs VRT, BE: Operating Margin % Comparison

For the Electrical Equipment & Parts subindustry, Marco Cables and Conductors's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marco Cables and Conductors Operating Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marco Cables and Conductors's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Marco Cables and Conductors's Operating Margin % falls into.


NSE:MARCO
58GF Score
Marco Cables and Conductors Ltd NSE:MARCO
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marco Cables and Conductors Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Marco Cables and Conductors's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=118.847 / 1028.213
=11.56 %

Marco Cables and Conductors's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=118.847 / 1028.213
=11.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 11.56% mean?
Marco Cables and Conductors (NSE:MARCO) has a Operating Margin % of 11.56% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Marco Cables and Conductors and its competitors. This is near median its historical median of 11.68. Over the past decade, Marco Cables and Conductors' Operating Margin % has ranged from 9.84 to 15.01. According to the industry distribution chart, Marco Cables and Conductors ranks #843 out of 3031 companies in the Industrial Products industry, placing it in the top 27.8%.
Is Marco Cables and Conductors' Operating Margin % too high?
Marco Cables and Conductors' current Operating Margin % of 11.56% is near median its 10-year median of 11.68. Over the past 10 years, this metric has ranged from a low of 9.84 to a high of 15.01. The Industrial Products industry median Operating Margin % is 6.53. Marco Cables and Conductors' value of 11.56% is 77% above this industry median. Based on the distribution chart, Marco Cables and Conductors ranks #843 out of 3031 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Marco Cables and Conductors has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marco Cables and Conductors' Operating Margin % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Marco Cables and Conductors ranks #843 out of 3031 companies for Operating Margin %. This puts Marco Cables and Conductors in the upper half of its industry. The industry median Operating Margin % is 6.53. Marco Cables and Conductors' value of 11.56% is 77% above this benchmark. Historically, Marco Cables and Conductors' own Operating Margin % has ranged from 9.84 to 15.01 over the past decade. While the company's 10-year median is 11.68 vs. the industry median of 6.53, Marco Cables and Conductors has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.53, based on 3,031 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marco Cables and Conductors's current Operating Margin % of 11.56% is 77% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Marco Cables and Conductors and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marco Cables and Conductors's current Operating Margin % is 11.56%, which is near median its own 10-year median of 11.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marco Cables and Conductors stock overvalued right now?
Based on GuruFocus' analysis, Marco Cables and Conductors (NSE:MARCO) is currently considered Possible Value Trap. The stock's GF Value™ is ₹66.13, compared to a current price of ₹30.55 — trading 53.8% below its estimated fair value. The current Operating Margin % is 11.56%, which is near median its 10-year median of 11.68 and 77% above the Industrial Products industry median of 6.53. Marco Cables and Conductors' overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Marco Cables and Conductors (NSE:MARCO), the current Operating Margin % is 11.56% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marco Cables and Conductors (NSE:MARCO) Overvalued in 2026?

Based on GuruFocus' analysis, Marco Cables and Conductors stock appears to be undervalued. The current stock price of ₹30.55 is trading 53.8% below its estimated GF Value™ of ₹66.13. GuruFocus considers Marco Cables and Conductors to be Possible Value Trap.

Key valuation signals for NSE:MARCO:

  • Operating Margin %: 11.56% (near median its 10-year median of 11.68)
  • GF Value™: ₹66.13 vs. price of ₹30.55 (53.8% below fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 77% above the Industrial Products median (#843 of 3031)

No single metric tells the full story. See the NSE:MARCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marco Cables and Conductors Business Description

Address Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005
Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. The company commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors. Geographically the company operates in India only. The company generates all of its revenue from the sale of finished products.
58GF Score

Get the complete analysis for NSE:MARCO

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹30.55
Price
₹66.13
GF Value